Malvern Gardens
Stately brick homes starting at $400,000
Many of Malvern Gardens’ older homes, which were typically built between the 1920s and 1950s, are built out of brick. Colonial Revivals and Federal-style houses are common, as are ranch-style homes, Tudors and Cape Cods. A few homes have off-street parking or garages, but they all offer on-street parking. “There’s an alley system that most of the houses back up to, so it helps with anything from trash pickup to any sort of landscaping work,” says Dany Srour, the operations manager for the Maraghy Team.Townhouses in Malvern Gardens typically cost between $600,000 and $800,000, but single-family fixer-uppers can start as low as $400,000. “Right now, for homes that are under $500,000, your potential buyer is not only going to be an owner-occupant but also builders and developers,” Maraghy says. “If it’s under $500,000, it’s really a candidate for a potential teardown.” Fully renovated or newly constructed homes can sell for between $1.1 million and $1.6 million, and home prices are on the rise. According to Maraghy, there’s been a 50% increase in home prices over the last four years — and homeowners who have been in the neighborhood for 10 years have seen their homes approximately double in value. “I think it’s one of the most solid investments that you can make,” Maraghy says. “Having done this for 30 years, your investment in that area is pretty assured to have a nice appreciation over a long time.”
Stella’s and local businesses on Lafayette Street
Right in the heart of the neighborhood, Stella’s is the most recognizable spot in all of Malvern Gardens — and one of the most notable eateries in the entire city. In fact, it’s been voted Richmond’s best restaurant in a Richmond Times-Dispatch poll multiple times. “When real estate agents put homes on the market in that area, ‘walkable to Stella’s’ is always a big selling point,” Maraghy says. Right next door, locals head to Stella’s Grocery to pick up a few essentials, wine or pick up to-go deli meals or baked goods or shop at Our Life by Stella’s, a clothing and lifestyle store owned by the same family. Blackbird Salon and Homme Essentials, a menswear and home goods boutique, are also on the block, and many residents start their days with a quick dose of caffeine and a pastry at Reviresco Coffee Company just outside the neighborhood.Malvern Gardens is almost exclusively residential, but it’s only a mile away from the Carytown, Museum District and Scott’s Addition neighborhoods, which are filled with trendy restaurants, bars and shops. The Shops at Willow Lawn are also just over a mile away, offering a collection of well-known chain department stores and restaurants alongside a Kroger.
Richmond festivals right next door
Every November, the Richmond Marathon’s course runs right along Monument Avenue, which marks the northern edge of Malvern Gardens, making the event a big part of life here. The Greek Festival, which is held at the nearby St. Constantine Church at the end of May or beginning of June, is also incredibly popular, featuring music, dancing and food.Class trips at Mary Munford Elementary School
Niche gives Richmond City Public Schools a C-plus rating. Children in Malvern Gardens can attend one of the most beloved elementary schools in the city: Mary Munford. Nicknamed “Funford” by locals, the school has a B-plus and features an annual trip along the James River as well as early Spanish language classes. Children can then attend Albert Hill Middle School and Thomas Jefferson High School, which both have B ratings. At Jefferson High, students can participate in extracurriculars like sports, robotics club and honor societies.Local parks a few blocks from Malvern Gardens
Malvern Gardens is highly residential, but a few blocks away, Mary Munford Playground is an incredibly popular park featuring a massive four-part play area that consists of classic playground structures, as well as others made of natural materials, like sprawling sandboxes and swinging wooden footbridges. With a quarter-mile gravel track dotted with calisthenic bars encircling two tennis courts, a soccer field and a basketball court, residents of all ages pack this park after school and on weekends. “In the springtime you’ve got lacrosse or soccer, lots of dog walking in that area,” Maraghy says. Just outside the neighborhood, The Thomas Jefferson “Tot Lot” features a fenced-in play area with swings and jungle gyms, along with shaded benches where parents can be found chatting amidst the joyful shrieks of happy toddlers.Bike lanes, bus stops and access to I-195
Monument Avenue and Patterson Avenue form the neighborhood’s borders to the north and south, while the east is edged by I-195, which makes hopping on the highway easy. Bus stops dot Patterson and Maraghy and Srour both note that the neighborhood has received new bike lanes. World-class museums are just next door in the neighboring Museum District, and Malvern Gardens is about 3 miles from both the University of Richmond and Virginia Commonwealth University.


Agents Specializing in this Area
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Ernie Chamberlain
Hometown Realty
(804) 676-6939
506 Total Sales
3 in Malvern Gardens
$529K - $620K Price Range
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Joan Peaslee
Shaheen Ruth Martin & Fonville
(804) 655-0874
79 Total Sales
1 in Malvern Gardens
$445,000 Price
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Meg Traynham
Providence Hill Real Estate
(804) 409-0484
152 Total Sales
2 in Malvern Gardens
$434K - $614K Price Range
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Margaret Wade
Long & Foster REALTORS
(804) 793-8720
228 Total Sales
11 in Malvern Gardens
$416K - $1.5M Price Range
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Karen Loewen
Compass
(804) 409-8346
115 Total Sales
1 in Malvern Gardens
$849,900 Price
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Taylor Frederick
Long & Foster REALTORS
(804) 655-0740
82 Total Sales
1 in Malvern Gardens
$395,000 Price
Schools
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, an experienced agent in this neighborhood.Parks in this Area
Transit
Crime and Safety
1 - Low Crime, 10 - High Crime | Malvern Gardens | US |
---|---|---|
Homicide | 2 | 4 |
Sexual Assault | 3 | 4 |
Assault with Weapon | 2 | 4 |
Robbery | 3 | 4 |
Burglary | 4 | 4 |
Motor Vehicle Theft | 4 | 4 |
Larceny | 5 | 4 |
Crime Score | 4 | 4 |
Source: WhatIsMyCrimeRisk.com
Malvern Gardens Demographics and Home Trends
On average, homes in Malvern Gardens, Richmond sell after 47 days on the market compared to the national average of 70 days. The median sale price for homes in Malvern Gardens, Richmond over the last 12 months is $330,000.
Housing Trends
Neighborhood Facts
Distribution of Home Values
Homes for Sale
Homes for Rent
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Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Finances
Education and Workforce
Weather
Area Factors
Bikeable
Bike Score®
Somewhat Walkable
Walk Score®
Some Transit
Transit Score®
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
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